Which of the Following Is an Example of a Trade

question 198

Multiple Choice

Which of the following is an example of a trade sales promotion method?

• A) Frequent-user incentives
• B) Point-of-purchase displays
• C) Retailer coupons
• D) Free merchandise
• E) Money refunds

Identify and differentiate between unilateral and bilateral contracts.

Understand the circumstances under which contracts must be in writing according to the Statute of Frauds.

Appreciate the fundamental concept of a contract as a legally enforceable promise or set of promises.

Recognize the common law and UCC parallels in contract law.

---

Definitions:

Unit Variable Cost

The financial outlay linked to the creation of one more unit of a product.

Break Even

The point at which total costs and total revenue are equal, meaning that a business or investment is neither making a profit nor a loss.

Fixed Costs

Fixed costs are business expenses that do not change regardless of the level of goods or services produced, such as rent, salaries, and insurance premiums.

Total Revenue

The total amount of money generated by a company from its business activities, such as sales of goods or services, before any expenses are subtracted.